MANTRA (OM), the altcoin associated with the real-world asset tokenization platform, has captured considerable attention in the crypto market. Since March 2024, the token has high by nearly 20 times in value, delivering significant returns to early investors. But what’s next for this surging altcoin, and where could it go from here?
The growth of MANTRA has been nothing short of impressive. In January 2025, OM reached a new all-time high (ATH) of $5.96, driven by a major deal with Dubai-based developer DAMAC. This partnership is set to tokenize assets in the Middle East, with the deal reportedly worth at least $1 billion. However, the price didn’t immediately shoot up after the declare. Instead, OM took a few weeks to build momentum before breaking its resistance, eventually hitting the ATH.
While the token has pulled back slightly by around 11% since reaching that peak, the overall upward trend remains intact. So, what’s next for OM? Technical analysis suggests that the altcoin may have more room to grow before entering a potential consolidation phase.
MANTRA’s chart shows a clear breakout beyond its recent price range, with strong bullish momentum supported by indicators like the A/D (Accumulation/Distribution) line and MACD. Fibonacci extension levels, a popular tool used by traders to identify potential price targets, indicate that OM could reach as high as $6.56 and possibly even $7.82 in the coming months.
However, such a rapid rise is not without its risks. Consolidation is often seen after a breakout, as prices typically retrace and test new support levels before pushing higher. Thus, after this breakout, a consolidation phase could allow the market to digest the gains before potentially pushing to new all-time highs.
Another important indicator to consider is MANTRA’s increasing Open Interest (OI), which reflects the number of open derivative contracts for the token. Since November 2024, the OI has surged from $46 million to a whopping $434 million by January 31, 2025. This spike suggests that there is strong speculative interest in OM, which could further fuel its price growth if the bullish momentum continues.
However, this increase in OI also comes with caution. If OM fails to maintain its upward trajectory, the OI could recede, signaling a shift in market sentiment. Therefore, monitoring OI trends—especially on lower timeframes—could provide valuable insights into the strength of the market’s bullish conviction.
With a $5 billion market cap, MANTRA has now graduated into the realm of large-cap tokens. Given its explosive growth and solid fundamentals, including the recent DAMAC deal, OM has the potential to climb even higher in the short term. The next key price target appears to be $6.56, with a possible extension to $7.82 if the bullish momentum persists.
That said, traders should be prepared for potential consolidation or pullbacks after any further price increase. These periods of market digestion are common following significant breakouts and can present opportunities for fresh entries once new support levels are established.
MANTRA’s explosive rise in 2024 is certainly impressive, and its recent technical breakout suggests that the altcoin could see further growth in 2025. While a consolidation phase is likely, the growing interest in real-world asset tokenization, coupled with the increasing OI, positions OM as a strong contender for continued growth. Whether it reaches $6.5 or beyond will depend on the broader market sentiment and whether it can maintain the current upward momentum.
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